Sage 50 Canada

We recently cancelled an insurance policy and have thus received a refund of $357.00. How do I record this in Sage50? (Note: our insurance policy is considered a prepaid asset and is put to the account 1320 Prepaid Expense under the current assets section…

We purchased some new furniture, and then returned some of that furniture. Consequently we ended up with a $42.00 credit on our account with the vendor from whom we purchased our new furniture. I asked the vendor to forward the amount to us in the form…